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8131 5Th St, Downey, CA 90241
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8131 5Th St Downey, CA 90241

$2,100,000 Sold Price as of 12/02/2021
  • 12 Beds
  • 9 Baths
  • 6,404 Sq.Ft.
Sold
$2,100,000 Sold Price as of 12/02/2021 Refinance Your Mortgage
Map preview of 8131 5Th St, Downey, CA 90241

Property Overview: 8131 5Th St Downey, CA has 12 bedrooms, 9 bathrooms, 6,404 living square feet and 11,218 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare opportunity to own 6 townhome-style units in great North Downey location. Built in 1981 on a large 11,218 soft lot, each 2 story unit has 2 bedrooms, 1.5 bathrooms, fireplace, central AC, built-in stove/oven, dishwasher, private laundry hookups and 2 private garage spaces with newer automatic garage doors. Owner’s unit has attached two car garage. Most units have a balcony or a patio. Room for rent increases and very desirable rental area and units.

Listed by Dale Jervis | BRE #00849695 | Century 21 Jervis & Associates
Last checked: 5 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 7

Home details

Lot Sq. Ft
11,218
HOA Dues
$0/mo
Year built
1981
Garage
12 Car
Property Type:
Mixed Use
Status
Sold
MLS#
DW21182942
City
Downey
County
Los Angeles
Time on Site
1002 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,275
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,782
  • Total Rent: $1,782
  • Pro Forma/Market Rent: $2,275
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,782
  • Total Rent: $1,782
  • Pro Forma/Market Rent: $2,275
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,782
  • Total Rent: $1,782
  • Pro Forma/Market Rent: $2,275
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,782
  • Total Rent: $1,782
  • Pro Forma/Market Rent: $2,275
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,782
  • Total Rent: $1,782
  • Pro Forma/Market Rent: $2,275
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.3%
  • Gross Rent Multiplier: 14.89
  • Gross Scheduled Income: $13,920
  • Net Operating Income: $84,578
  • Gross Operating Income: $12,693
  • Vacancy Allowance: $3,927
Annual Expense Breakdown
  • Total Operating Expense: $42,415
  • Electric: $300
  • Gas/Fuel: $0
  • Licenses: $89
  • New Taxes: $24,074
  • Furniture Replacement: $0
  • Trash: $3,820
  • Cable TV: $0
  • Gardener: $1,380
  • Insurance: $2,858
  • Maintenance: $7,550
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $2,344

Property Details for 8131 5Th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • Has Fireplace
  • Living Room
Kitchen Information
  • Has Appliances
  • Dishwasher
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 12
  • # of Parking Spaces: 14
  • Has Parking
  • Parking Features: Assigned, Garage, Garage - Single Door, Garage - Two Door
Lot Information
  • Lot Features: Lot 10000-19999 Sqft, Sprinkler System
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 6253003016
  • Year Built Source: Assessor
  • Property is Attached
  • Accessibility Features: None
  • Property Condition: Repairs Cosmetic
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: S/Florence Ave. & E/Paramount Blvd.
  • Road Frontage Type: Alley, City Street
Neighborhood Information
  • Community Features: Sidewalks, Suburban
View more facts & features

Local Downey Agent

Sale History for 8131 5Th St

Last sold for $2,100,000 on December 2nd, 2021

  • August, 2021

  • Aug 26, 2021

    Date

    Active Under Contract

    CRMLS: DW21182942

    $1,950,000

    Price

  • Aug 18, 2021

    Date

    Active

    CRMLS: DW21182942

    $1,950,000

    Price

  • April, 2009

  • Apr 6, 2009

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 1999

  • Jan 14, 1999

    Date

    Sold (Public Records)

    Public Records

    $518,000

    Price

Show More

Tax History for 8131 5Th St

Assessed Value (2020): $742,826
Year Land Value Improved Value Assessed Value
2020 $157,670 $585,156 $742,826

Home Value Compared to the Market

This property vs the competition

8131 5Th St sold on December 2, 2021 for 113.11% higher than the current median sold price for the city of Downey which is $915,000. The median sold price per/sqft for Downey is $533 and this home is sold at $304.5 per/sqft which puts the price per square foot 42.87% lower than the current median sale per square foot for the city of Downey.

About 8131 5Th St

Detailed summary of property

8131 5Th St is a mixed use that recently sold in Downey, CA 90241. This mixed use property offered 12 bedrooms, 9 bathrooms, roughly 6,404 living square feet, and sits on an approximately 11,218 square foot lot. 8131 5Th St was first listed on ArdentRealEstateGroup.com on August 19, 2021. The homeowner sold the property for $2,100,000. Home in Downey are selling for a median price of $915,000 and a median price per square foot of $533. Based on Ardent Real Estate Group's Downey Market Data, this home is sold 113.11% higher than the current median priced home. Local homes that are currently for sale include 811 Gardenia Ave, 1348 W 41st Pl and 914 N Loma Vista Dr. While the average home in Downey, CA is selling in 47 days, 8131 5Th St has a days on market of 7 days. There are currently 91 homes for sale in the Downey real estate market and 79 of them are single family homes while 5 of them are condos and 7 are townhomes. For more information on this home for sale at 8131 5Th St Downey, CA 90241 contact Ardent Real Estate Group and we will put you in touch with one of our Downey agents.

Public Facts for 8131 5Th St

Public county record property details
Beds
12
Baths
12
Year built
1981
Sq. Ft.
6,404
Lot Size
11,218
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
13,14
APN
6253-003-016

The source for these homes facts are from public records.

90241 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$899,900
Median List Price/Sq.Ft.
$518
Median Sold Price
$1,220,000
Median Sold Price/Sq.Ft.
$585
Total Inventory
41
Median Sale to List Price %
101.75%
Avg Days on Market
15
Loan Type
Conventional (70%), FHA (0%), VA (10%), Cash (20%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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